WE SOLD HAVING BOUGHT IN SEPT 2016 RIGHTS ARE NOT FOR US' 'WE SAY SEL'L-#laliasia.finance

Deutsche Bank Seeks $8.6 Billion -RIGHTS AT DISCOUNT OF ....Sorry nop- in the long run all are dead.#laliasia.finance

26 percent less or 

“The environment for the share sale is almost perfect,NOP NO FOR US- given the expectation of higher interest rates and buoyant equity markets,” Ingo Frommen, an analyst with LBBW who has a hold recommendation on the stock, said ahead of Sunday’s announcement.'WE SAY SELL-'

The offer price is 26 percent less than the theoretical value of the shares excluding the rights, known as TERP. That compares with a 38 percent discount on UniCredit SpA’s 13 billion euro rights offer.

Germany’s largest lender has posted more than 8 billion euros of net losses in the past two years as Cryan settled misconduct cases and scaled back risk in the investment bank. He’s trying to sweeten the offer with the promise of renewed dividends and a return to profitability this year.

The bank said previously that the latest share sale would boost its common equity Tier 1 ratio, a key benchmark of financial strength, to 14.1 percent and vowed to keep it “comfortably above” 13 percent. The measure stood at 11.9 percent at the end of 2016.

Asset Management

The lender also said it will sell a minority stake in its asset management unit through an initial public offering in the next two years. That, along with more minor asset disposals, will help raise at least another 2 billion euros of capital.

The bank is considering the sale of retail operations in India and European countries including Spain as part of the plans to boost capital levels, people with knowledge of the matter said earlier this month.

Deutsche Bank has said earlier this month that the capital increase was fully underwritten at 11.65 euros a share by banks including Credit Suisse Group AG, Barclays Plc, Goldman Sachs Group Inc., BNP Paribas SA, Commerzbank AG, HSBC Holdings Plc, Morgan Stanley and UniCredit SpA. The group of banks underwriting the deal has increased to 30, it said Sunday.

Qatar’s royal family and China’s HNA Group Co., two of Deutsche Bank’s biggest investors, plan to buy shares in the rights offer with a view to increasing their stakes, people with knowledge of the matter said earlier this month.